‘Clear risk of recession’ if US hits Swiss pharma with 100% tariff: expert

switzerland health pharma novartis

ZURICH, Switzerland – Wealthy Switzerland could face recession if Washington slaps its vital pharmaceutical sector with the threatened 100-percent tariff, a leading Swiss economic expert told AFP Monday.

US President Donald Trump last week said he would impose 100-percent tariffs on all branded pharmaceutical products from Wednesday, unless companies build manufacturing plants in the United States.

https://business.inquirer.net/549885/clear-risk-of-recession-if-us-hits-swiss-pharma-with-100-tariff-expert

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